Circle's stablecoin report cites USDC growth in Asia and Latin America
USDCs market cap has rebounded by roughly $1 billion and has seen rapid growth in the Asia-Pacific and Latin American regions.
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USDCs market cap has rebounded by roughly $1 billion and has seen rapid growth in the Asia-Pacific and Latin American regions.
Chainlink (LINK), a leading decentralized oracle network, announced the successful integration of its Cross-Chain Interoperability Protocol (CCIP) with Circle's Cross-Chain Transfer Protocol (CCTP). According to a Jan. 16 statement, this collaboration would enable users to transfer the USD Coin (USDC) stablecoin securely and reliably across different blockchain networks.
Chainlink has announced its latest collaboration with Circle, integrating the latter's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP). This partnership marks a pivotal step in enhancing the fluidity of USDC stablecoin transfers across various blockchain networks.
The promising partnership for cross-chain USDC integration
Chainlink's CCIP integrates with Circle's CCTP, enhancing secure and efficient cross-chain USDC transfers for developers and users.
Chainlink has integrated Circle's cross-chain transfer protocol with its CCIP system — aiming to securely move USDC across networks.
USD Coin (USDC) stablecoin issuer Circle has updated its stablecoin to version 2.2. According to a new blog post via Circle, six new changes to the stablecoin smart contract will be implemented in version 2.
Contrary to the pessimistic predictions that often cloud the crypto landscape, USDC, a stablecoin that's pegged to the US dollar, has carved out a noteworthy year in 2023. This is no small feat, especially in an ecosystem where digital assets often ride a rollercoaster of volatility.
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when dealing with forks. Circle Finishes Rollout of USDC 2.
In 2023, the Circle-backed stablecoin USDC experienced both challenges and growth, according to a recent report by the issuer. The number of individual USDC wallets with a balance of at least $10 grew by 59% last year.
Despite a steep drop in USDC's circulating supply, its user base may have increased over the course of the year.
Calls for Cardano to integrate the USDC stablecoin are increasing, but concerns over cost and centralization remain unaddressed.
According to the USDC Economy 2024 Report, Circle sees a spike in remittances via its USDC stablecoin, channeling $130 billion into Asia in 2022.
A recent report by Circle, the issuer of the USDC stablecoin, indicates a significant increase in remittance flows through Asia utilizing USDC. In 2022, transactions amounting to $130 billion were recorded in the region.
Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions.
Circle, the creator of the USDC stablecoin, has discreetly submitted its initial public offering (IPO) filing to the U.S. Securities and Exchange Commission (SEC). This move follows a little over a year since the termination of its previous plan to go public through a special purpose acquisition company (SPAC).
Coinbase has partnered with Yellow Card to enable seamless USDC transactions across 20 African nations. Through a blog post, Coinbase says the expansion gives users in these economies access to USDC directly on its wallet app, starting in February.
Circle expands international support for USDC in 185 countries, up from 88, facilitating wider minting and redemption.
Financial firms in the U.S. are “not too comfortable” with USDT and would rather worldwide crypto users execute their stablecoin transactions in USDC.
USDC issuer Circle wants to become a publicly traded company in the US. The stablecoin company says in a new announcement that it submitted a draft registration statement to the Securities and Exchange Commission (SEC) related to a proposed initial public offering (IPO) of its equity securities.
Coinbase is expanding its services across 20 African nations in partnership with Yellow Card. This initiative promises to introduce USDC, a stablecoin, across emerging economies, revolutionizing remittance and savings practices in regions plagued by economic volatility.
Coinbase has announced the expansion of its services to emerging economies, with an initial focus on 20 countries in Africa. The crypto exchange revealed in a blog post on Jan.
Coinbase, the cryptocurrency exchange, has teamed up with Yellow Card in Africa to bring its services to 20 additional countries across the continent. The main goal is to enhance accessibility to USD Coin, a stablecoin valued at $1.00, in these regions.
With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.